C000123401 Fees and Costs — JPMorgan Global Research Enhanced Index Fund, Class I
Data updated: 2020-06-26
The net expense ratio is 0.34%: a 0.20% management fee plus 0.35% other expenses, less a 0.21% fee waiver. There are no sales loads or redemption fees. In fiscal 2019 the fund paid $1.2M in broker commissions, 0.0259% of average net assets, and portfolio turnover was 29%.
C000123401 Fees and Expenses
Annual operating expenses and sales charges of C000123401. Prospectus, as of February 29, 2020.
| Annual operating expenses | |
|---|---|
| Management fee | 0.20% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.35% |
| Gross expense ratio | 0.55% |
| Fee waiver | −0.21% |
| Net expense ratio | 0.34% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
C000123401 Costs Over Time
On $10,000 invested in C000123401, assuming 5% a year before costs, total costs come to $232 over 5 years, cutting the return by 0.38% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 0.34%) | $36 | $112 | $196 |
| Trading costs (broker commissions) | $3 | $9 | $15 |
| Lost growth on money paid in costs | $0 | $6 | $21 |
| Total costs | $38 | $127 | $232 |
| Value after costs | $10,462 | $11,450 | $12,531 |
| Impact on return, per year | 0.38% | 0.38% | 0.38% |
C000123401 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2019.
- Explicit cost rate (commissions ÷ average net assets): 0.0259%
- Total broker commissions: $1.2M
- Bought from dealers (principal trades, not a cost): $19.8M
- Portfolio turnover (prospectus): 29%
- Securities on loan, average value: $35.8M
- Net income from securities lending: $652K (0.014% of average net assets)
C000123401 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Goldman Sachs & Co. LLC | $374K | 34.99% |
| UBS Securities LLC | $170K | 15.87% |
| BofA Securities, Inc. | $155K | 14.50% |
| Citigroup Global Markets Inc. | $104K | 9.74% |
| Morgan Stanley & Co. LLC | $78K | 7.26% |
| Credit Suisse Securities (USA) LLC | $62K | 5.77% |
| SG Americas Securities, LLC | $44K | 4.15% |
| Deutsche Bank Securities Inc. | $30K | 2.79% |
| Barclays Capital Inc. | $30K | 2.77% |
| RBC Capital Markets, LLC | $23K | 2.17% |
C000123401 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Morgan Stanley & Co. LLC | $9.1M | 45.83% |
| BNY Mellon Capital Markets, LLC | $4.9M | 24.54% |
| Goldman Sachs & Co. LLC | $3.3M | 16.53% |
| Credit Suisse Securities (USA) LLC | $2.6M | 13.11% |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.